Imperial Logistics — H1 2016 Earnings Presentation
71 slides from Imperial Logistics's earnings presentation, February 2016
Slide 1: Interim Results Presentation for the Six Months Ended 31 December 2015
INTERIM RESULTS PRESENTATION FOR THE SIX MONTHS ENDED 31 DECEMBER 2015
Slide 2: Agenda
AGENDA OVERVIEW CONTEXT STRATEGY OPERATIONS FINANCIAL PORTFOLIO PROSPECTS REVIEW REVIEW 2
Slide 3: Agenda
AGENDA OPERATIONS FINANCIAL OVERVIEW CONTEXT STRATEGY REVIEW REVIEW PORTFOLIO PROSPECTS 3
Slide 4: Overview
OVERVIEW REVENUE OPERATING PROFIT HEPS 6% 7% 6% R59 766 million R3 066 million 801 cents PER SHARE CORE EPS¹ EPS INTERIM DIVIDEND 7% 19% 6% 861 cents 881 CPS 370 CPS PER SHARE ROIC OF 11.6% VS WACC OF 8.7% NET DEBT:EQUITY RATIO OF 76% (INCL PREF SHARES AS EQUITY & REGENT’S CASH RESOURCES
Slide 5: Overview
OVERVIEW > A sound recovery from H1 2015 > Record half year revenue ↑ 6% to R59.8bn > Operating profit ↑ 7% to R3.1bn > All divisions recorded an increase in revenue > Increasing contribution of revenue & operating profit from non-vehicle & foreign operations 5
Slide 6: Growth Trend in Non Vehicle Operations
GROWTH TREND IN NON VEHICLE OPERATIONS REVENUE* (Rm) OPERATING PROFIT* (Rm) 3 year 3 year CAGR CAGR =15% =18% 24 821 23 518 22 329 21 937 1 670 20 568 1 535 1 495 1 419 18 149 1 299 16 394 1 188 929 H1 2013 H2 2013 H1 2014 H2 2014 H1 2015 H2 2015 H1 2016 H1 2013 H2 2013 H1 2014 H2 2014 H1 2015 H2 20
Slide 7: Growth Trend in Foreign Operations
GROWTH TREND IN FOREIGN OPERATIONS REVENUE* (Rm) OPERATING PROFIT* (Rm) 3 year 3 year CAGR CAGR 24 456 =24% =28% 1 055 963 20 187 20 165 18 054 839 788 16 417 14 519 644 641 12 830 463 H1 2013 H2 2013 H1 2014 H2 2014 H1 2015 H2 2015 H1 2016 H1 2013 H2 2013 H1 2014 H2 2014 H1 2015 H2 2015 H1 2016 > F
Slide 8: Overview
OVERVIEW > A sound recovery from H1 2015 > Record half year revenue ↑ 6% to R59.8bn > Operating profit ↑ 7% to R3.1bn > All divisions recorded an increase in revenue > Increasing contribution of revenue & operating profit from non-vehicle & foreign operations > Strategic disposals during the period
Slide 9: Agenda
AGENDA OPERATIONS FINANCIAL OVERVIEW CONTEXT STRATEGY REVIEW REVIEW PORTFOLIO PROSPECTS 9
Slide 10: Operating Context – Imperial Regions
OPERATING CONTEXT – IMPERIAL REGIONS > South Africa (59% revenue; 66% operating profit) • global developments (↓ commodity prices & exports; ↓ ZAR) • structural impediments to growth: – unemployment, low skills, labour legislation & militancy – low public service competence & capacity – energy & wat
Slide 11: Operating Context – Imperial Regions
OPERATING CONTEXT – IMPERIAL REGIONS > Eurozone (29% revenue; 18% operating profit) • Specific uncontrollable factors affecting Imperial – unusually long period of low water levels on European waterways exerted pressure on Imperial’s volumes, rates & utilization in Europe – solid UK growth supported
Slide 12: Agenda
AGENDA OPERATIONS FINANCIAL OVERVIEW CONTEXT STRATEGY REVIEW REVIEW PORTFOLIO PROSPECTS 12
Slide 13: Strategy
STRATEGY > Imperial strives to create long term value for stakeholders though strategic clarity, financial discipline, operational excellence & strictly defined capital allocation principles > Our investment thesis is unchanged: • We will release capital & sharpen executive focus, by disposing of no
Slide 14: Agenda
AGENDA OVERVIEW CONTEXT STRATEGY OPERATIONS FINANCIAL PORTFOLIO PROSPECTS REVIEW REVIEW 14
Slide 15: Imperial's Two Lines of Mobility
IMPERIAL’S TWO LINES OF MOBILITY 1. LOGISTICS 2. VEHICLES¹ REGENT (INCL FINANCIAL SERVICES REVENUE REVENUE REVENUE 5% 7% 6% R24.0 billion R36.2 billion R1.6 billion 40% contribution 60% contribution OPERATING PROFIT OPERATING PROFIT OPERATING PROFIT 1% 7% 52% R1.2 billion R1.7 billion R2
Slide 16: Divisional Overview
DIVISIONAL OVERVIEW Five divisions in two major lines of mobility, which operate under separate management structures to enable decentralised entrepreneurial creativity within the group's clearly-defined strategic, capital, budgetary & governance principles LOGISTICS VEHICLES VEHICLE IMPORT, VEHICLE
Slide 17: Imperial's Two Lines of Mobility: Logistics
IMPERIAL’S TWO LINES OF MOBILITY LOGISTICS REVENUE 5% R24.0 billion 40% contribution OPERATING PROFIT 1% R1.2 billion 42% contribution 3 YEAR CAGR 19% 17
Slide 18: Divisional Review: Logistics Africa
DIVISIONAL REVIEW > An experienced provider of end-to-end logistics & integrated supply LOGISTICS AFRICA chain management services in Southern, West & East African markets through three regional hubs (See Addenda) > Across sub-Saharan Africa, the division provides a comprehensive & integrated demand
Slide 19: 2016 Logistics Africa
2016 LOGISTICS AFRICA REVENUE (Rm) OPERATING PROFIT (Rm) OPERATING MARGINS (%) +3% +0% 6,5% 6,0% 5,8% 13 714 802 802 13 265 H1 2015 H1 2016 H1 2015 H1 2016 H1 2015 H2 2015 H1 2016 > Delivered revenue growth in difficult trading environment, supported by acquisitions & contract gains > In South Afric
Slide 20: Growth Trend Logistics RoA
GROWTH TREND LOGISTICS RoA REVENUE (Rm) OPERATING PROFIT (Rm) 3 year 3 year 5 981 392 CAGR CAGR =38% =58% 5 192 344 4 783 291 3 507 2 828 181 2 285 150 2 289 122 100 H1 2013 H2 2013 H1 2014 H2 2014 H1 2015 H2 2015 H1 2016 H1 2013 H2 2013 H1 2014 H2 2014 H1 2015 H2 2015 H1 2016 > Revenue & operating
Slide 21: Growth Trend Logistics Africa
GROWTH TREND LOGISTICS AFRICA REVENUE (Rm) OPERATING PROFIT (Rm) 3 year 3 year 13 714 CAGR CAGR 13 265 802 802 785 =16% =26% 12 082 11 195 10 895 650 620 9 341 8 677 520 400 H1 2013 H2 2013 H1 2014 H2 2014 H1 2015 H2 2015 H1 2016 H1 2013 H2 2013 H1 2014 H2 2014 H1 2015 H2 2015 H1 2016 F2016 Guidance
Slide 22: Divisional Review: Logistics International
DIVISIONAL REVIEW > Estimated market size of €663bn in Imperial International sectors in LOGISTICS Europe (IPL ranked 12th) INTERNATIONAL > Industry structure: Highly developed infrastructure; fragmented & competitive market, process & technology driven clients Europe: Germany (mainly), Netherlands,
Slide 23: 2016 Logistics International (Euro)
2016 LOGISTICS INTERNATIONAL (EURO) REVENUE (€m) OPERATING PROFIT (€m) OPERATING MARGINS (%) +2% +0% 6,0% 688 678 4,0% 3,9% 27 27 H1 2015 H1 2016 H1 2015 H1 2016 H1 2015 H2 2015 H1 2016 > Integrated client centric “One Face to the Client Logistics Solutions” in Transport Solutions & Supply Chain Sol
Slide 24: 2016 Logistics International (ZAR)
2016 LOGISTICS INTERNATIONAL (ZAR) REVENUE (Rm) OPERATING PROFIT (Rm) OPERATING MARGINS (%) +7% +3% 397 10 306 386 6,0% 9 595 4,0% 3,9% H1 2015 H1 2016 H1 2015 H1 2016 H1 2015 H2 2015 H1 2016 > The weakening of the ZAR against the Euro assisted the Rand-denominated results > 2016 average R/€: 15.03
Slide 25: Growth Trend Logistics International
GROWTH TREND LOGISTICS INTERNATIONAL REVENUE (Rm) OPERATING PROFIT (Rm) 3 year 3 year CAGR CAGR =13% =9% 10 306 10 139 9 595 9 476 572 559 9 110 8 363 454 7 211 412 397 386 308 H1 2013 H2 2013 H1 2014 H2 2014 H1 2015 H2 2015 H1 2016 H1 2013 H2 2013 H1 2014 H2 2014 H1 2015 H2 2015 H1 2016 F2016 Guida
Slide 26: Imperial Logistics (Africa & Int.)
IMPERIAL LOGISTICS (AFRICA & INT.) REVENUE (Rm) OPERATING PROFIT (Rm) 68% foreign 3 year 3 year 66% foreign CAGR CAGR =15% =19% 24 020 22 860 1 357 21 558 21 334 20 005 1 199 1 188 1 179 17 704 1 062 974 15 888 708 H1 2013 H2 2013 H1 2014 H2 2014 H1 2015 H2 2015 H1 2016 H1 2013 H2 2013 H1 2014 H2 20
Slide 27: Imperial's Two Lines of Mobility: Vehicles
IMPERIAL’S TWO LINES OF MOBILITY VEHICLES1 REVENUE 7% R36.2 billion 60% contribution OPERATING PROFIT 7% R1.7 billion 58% contribution 3 YEAR CAGR -6% 1. Includes Motor Related Financial Products & Services 27
Slide 28: Imperial's Market Share vs OEMs
IMPERIAL’S MARKET SHARE VS OEMS MARKET SHARE* (%) 4,9% 19,9% 19,8% 5,6% 16,7% 15,9% 15,5% 14,2% 12,7% 11,6% 7,7% 7,2% 5,7% 5,3% Dec 14 Dec 15 Dec 14 Dec 15 Dec 14 Dec 15 Dec 14 Dec 15 Dec 14 Dec 15 Dec 14 Dec 15 Imperial Mercedes Ford Toyota Volkswagen Nissan AMH Imperial Vehicle Retail > Imperial’s
Slide 29: Divisional Review: Vehicle Import, Distribution & Dealerships
DIVISIONAL REVIEW > Strategy: Increase sustainable market share & car VEHICLE IMPORT, parc of major brands through dedicated & multi- DISTRIBUTION & DEALERSHIPS franchise customer focussed dealerships; capture revenue & margin across entire motor value chain (import, distribution, retail, after-sale
Slide 30: Car Parc of Imperial Imported Brands
CAR PARC OF IMPERIAL IMPORTED BRANDS 1 037 878 956 666 865 636 431 580 769 295 373 473 669 785 290 550 576 155 487 701 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 > Car parc nearly doubled over past 5 years & exceeded 1 million in 2015 > Provides an underpin to earnings > The growing car parc
Slide 31: Divisional Review: Vehicle Import, Distribution & Dealerships
DIVISIONAL REVIEW > Strategy: Increase sustainable market share & car VEHICLE IMPORT, parc of major brands through dedicated & multi- DISTRIBUTION & DEALERSHIPS franchise customer focussed dealerships; capture revenue & margin across entire motor value chain (import, distribution, retail, after-sale
Slide 32: Vehicle Import, Distribution & Dealerships
VEHICLE IMPORT, DISTRIBUTION & DEALERSHIPS REVENUE (Rm) OPERATING PROFIT (Rm) OPERATING MARGINS (%) +2% +15% 14 590 14 278 532 461 3,8% 3,6% 3,2% H1 2015 H1 2016 H1 2015 H1 2016 H1 2015 H2 2015 H1 2016 > Revenue & operating profit up 2% & 15% respectively, supported by price increases despite lower
Slide 33: Currency, Market Share & Operating Margins
CURRENCY, MARKET SHARE & OPERATING MARGINS MARKET SHARE¹ (%) OPERATING MARGIN² (%) 15,9% 16,7% 16,6% 15,5% 14,2% 10,1% 11,1% 9,2% 4,8% 5,8% Dec Dec Dec Dec Dec Dec Dec Dec Dec Dec 11 12 13 14 15 11 12 13 14 15 Exchange rates (USDZAR) Exchange rates (EURZAR) Exchange rates (USDZAR) Exchange rates (EU
Slide 34: South African New Vehicle Prices
SOUTH AFRICAN NEW VEHICLE PRICES VEHICLE PRICE INCREASES (YOY GROWTH) SELLING PRICE VS CURRENCY COST OF NEW & PRE OWNED (%) IMPORTED PRODUCT (%) 1,81 1,79 1,78 1,83 1,76 y-o-y growth Ratio of used car sales to new car sales 1,65 1,65 1,52 1,25 1,7 1,6 1,6 1,5 1,4 1,4 0,8 0,6 4,1 3,0 5,6 6,6 7,0 7,8
Slide 35: Vehicle Import, Distribution & Dealerships (incl. Financial Services)
VEHICLE IMPORT, DISTRIBUTION & DEALERSHIPS (INCL. FINANCIAL SERVICES) REVENUE (Rm) OPERATING PROFIT (Rm) OPERATING MARGINS (%) +3% +13% 15 391 14 936 5,8% 868 5,6% 768 5,1% H1 2015 H1 2016 H1 2015 H1 2016 H1 2015 H2 2015 H1 2016 > Motor Related Financial Products & Services remains an integral part
Slide 36: Divisional Review: Vehicle Retail, Rental & Aftermarket Parts
DIVISIONAL REVIEW > Industry structures: Mature, highly competitive & VEHICLE RETAIL, RENTAL price sensitive car rental sector dominated by local & AFTERMARKET PARTS franchises of major international brands; Aftermarket Parts industry mature but stable, based on 10 million vehicles in the vehicle pa
Slide 37: Vehicle Retail, Rental & Aftermarket Parts Profile & 2015 Performance
VEHICLE RETAIL RENTAL & AFTERMARKET PARTS PROFILE & 2015 PERFORMANCE VEHICLE RETAIL RENTAL AFTERMARKET PARTS Profile Profile Profile > Extensive footprint of 86 passenger vehicle > Car Rental (Europcar & Tempest) > Distributor, wholesaler & retailer through dealerships (65% owned) representing > 63
Slide 38: Vehicle Retail, Rental & Aftermarket Parts
VEHICLE RETAIL, RENTAL & AFTERMARKET PARTS REVENUE (Rm) OPERATING PROFIT (Rm) OPERATING MARGINS (%) +11% +0% 4,7% 4,3% 801 798 3,9% 20 790 18 736 H1 2015 H1 2016 H1 2015 H1 2016 H1 2015 H2 2015 H1 2016 > Good growth of revenue from Imperial’s largest division, supported by price increases > Industry
Slide 39: Growth Imperial Group: Vehicles
GROWTH IMPERIAL GROUP VEHICLES REVENUE (Rm) OPERATING PROFIT (Rm) 3 year 3 year CAGR CAGR =7% = -6% 36 181 33 672 32 741 32 657 29 606 29 329 29 199 2 019 1 994 1 857 1 807 1 691 1 669 1 566 H1 2013 H2 2013 H1 2014 H2 2014 H1 2015 H2 2015 H1 2016 H1 2013 H2 2013 H1 2014 H2 2014 H1 2015 H2 2015 H1 20
Slide 40: Divisional Review: Motor Related Financial Services
DIVISIONAL REVIEW > Motor related financial services remains an integral part of Imperial’s MOTOR RELATED strategic focus on the full automotive value chain FINANCIAL SERVICES > Provides maintenance & warranty products associated with the automotive market > Strategy: Leverage Imperial’s capabilitie
Slide 41: Divisional Review: Regent (Held for Sale)
DIVISIONAL REVIEW > Provides regulated life & short term insurance products & services in REGENT (Held for Sale) South Africa, Lesotho, Botswana & Zambia Performance > Regent is performing in line with expectations > Underwriting profit increased by 47% & underwriting margins improved to 15.6% (2015
Slide 42: Regent
REGENT OPERATING PROFIT SPLIT (Rm) NET UNDERWRITING MARGIN (%) 20,0% 697 610 121 15,6% 487 136 87 263 11,3% 138 93 313 336 307 H1 2015 H2 2015 H1 2016 H1 2015 H2 2015 H1 2016 Investment income, including fair value adjustments Underwriting result Motor related financial products and services 42
Slide 43: Total Financial Services
TOTAL FINANCIAL SERVICES REVENUE (Rm) OPERATING PROFIT (Rm) +11% +25% 2 366 610 2 128 487 274 1 565 180 1 470 307 336 658 801 H1 2015 H1 2016 H1 2015 H1 2016 Regent Insurance Regent Insurance Motor related financial products and services Motor related financial products and services F2016 Guidance:
Slide 44: Growth Imperial Group: Total Financial Services
GROWTH IMPERIAL GROUP TOTAL FINANCIAL SERVICES REVENUE (Rm) OPERATING PROFIT (Rm) 3 year 3 year CAGR CAGR 697 =3% =8% 610 543 2 366 538 2 335 2 165 491 487 2 128 2 085 2 073 2 055 454 H1 2013 H2 2013 H1 2014 H2 2014 H1 2015 H2 2015 H1 2016 H1 2013 H2 2013 H1 2014 H2 2014 H1 2015 H2 2015 H1 2016 Fina
Slide 45: Agenda
AGENDA OVERVIEW CONTEXT STRATEGY OPERATIONS FINANCIAL PORTFOLIO PROSPECTS REVIEW REVIEW 45
Slide 46: Income Statement
INCOME STATEMENT H1 2015 H1 2016 Rm Rm % CHANGE Revenue 56 234 59 766 6% LOGISTICS 5% new contract gains, strong growth in RoA from acquisitions & currency REVENUE weakness assisting RoA & CONTRIBUTION PER International DIVISION (%) VEHICLES 7% H1 2015 H1 2016 price increases more than offset re
Slide 47: Income Statement
INCOME STATEMENT H1 2015 H1 2016 Rm Rm % CHANGE Revenue 56 234 59 766 6% Operating profit 2 872 3 066 7% Operating profit margin 5.1% 5.1% OPERATING PROFIT LOGISTICS 1% CONTRIBUTION PER new contract gains, strong growth DIVISION in RoA from acquisitions & currency (%) weakness were offset by reduc
Slide 48: Divisional Statistics
DIVISIONAL STATISTICS OPERATING MARGIN (%) 25,8% 22,9% 6,0% 5,8% 5,6% 5,1% 5,1% 5,1% 4,3% 4,0% 3,9% 3,9% Logistics Africa Logistics International Vehicle Import, Vehicle Retail, Total Financial Group Distribution & Rental & Services Dealerships Aftermarket Parts H1 2015 H1 2016 34,1% RETURN ON INVES
Slide 49: Income Statement
INCOME STATEMENT H1 2015 H1 2016 Rm Rm % CHANGE Revenue 56 234 59 766 6% Operating profit 2 872 3 066 7% Recoupments from disposal of properties 12 6 Amortisation of intangible assets (205) (358) 75% Foreign exchange gains on foreign currency monetary items 117 126 Loss on remeasurement of put optio
Slide 50: Income Statement
INCOME STATEMENT H1 2015 H1 2016 Rm Rm % CHANGE Net financing costs (598) (651) 9% Income from associates 12 58 383% Tax (562) (692) Net profit for the year 1 594 1 783 12% Attributable to Imperial shareholders 1 426 1 699 19% Attributable to minorities 168 84 (50%) > Net finance costs increased as
Slide 51: Balance Sheet
BALANCE SHEET June 2015 H1 2016 Rm Rm % CHANGE Property, plant & equipment 10 967 11 736 7% Transport fleet 5 610 6 372 14% Vehicles for hire 3 603 3 841 Goodwill & intangible assets 7 193 7 866 9% Associates, investments & loans 1 708 1 975 16% Other assets 1 428 1 597 Net working capital 9 267 11
Slide 52: Balance Sheet
BALANCE SHEET June 2015 H1 2016 Rm Rm % CHANGE Total shareholders’ interest 19 233 21 191 10% Net interest bearing borrowings 13 886 17 709 28% Other liabilities 8 562 9 249 8% Liabilities of discontinued operations 2 713 2 737 Liabilities of disposal group - 506 Equity & liabilities 44 394 51 392 >
Slide 53: Cash Flow – Operating Activities
CASH FLOW – OPERATING ACTIVITIES H1 2015 H1 2016 Rm Rm % CHANGE Cash generated by operations 4 357 4 485 3% Net working capital movements (1 069) (1 194) Cash generated by operations after working capital movements 3 288 3 291 - Net finance costs & tax paid (1 031) (1 641) Cash flow from operating a
Slide 54: Cash Flow – Investing Activities
CASH FLOW – INVESTING ACTIVITIES H1 2015 H1 2016 Rm Rm % CHANGE Net proceeds from sale of businesses (net of acquisitions) (905) 726 Capital expenditure (1 417) (1 501) 6% Expansion (806) (917) Replacement (611) (584) Net movement in associates & JVs 25 (114) Net movement in investments, loans & oth
Slide 55: Cash Flow – Summary
CASH FLOW – SUMMARY H1 2015 H1 2016 Rm Rm % CHANGE Cash flow from operating activities 909 89 (90%) Total investing activities (3 294) (818) (75%) Financing activities Dividends paid (917) (1 030) Other financing activities (206) (550) Increase in net borrowings (3 508) (2 309) Free cash flow - tota
Slide 56: Gearing
GEARING Net debt to equity > Higher net debt due to: • additional working capital • capital expenditure • translation of the foreign debt into ZAR > Net debt:equity 76% 79% 76% > The net debt level is within 66% 60% 62% the target gearing range of 60% 49% to 80% 51% > Capacity for further acquisitio
Slide 57: Returns
RETURNS ROE (%) ROIC vs WACC (%) 16,3 16,2 22 21 19 13,0 12,1 11,6 17 17 9,7 9,1 8,8 8,9 8,7 2012* 2013* 2014* 2015* H1 2016# 2012* 2013* 2014* 2015* H1 2016# ROIC WACC ROE is good ROIC affected by: > Although return higher, offset by higher equity > higher return offset by higher invested capital >
Slide 58: Agenda
AGENDA OPERATIONS FINANCIAL OVERVIEW CONTEXT STRATEGY REVIEW REVIEW PORTFOLIO PROSPECTS 58
Slide 59: Disposals
DISPOSALS Regent (FS) > On 29th September 2015 we announced the disposal of Imperial’s 100% interest in the Regent Group including Regent Botswana & Regent Lesotho for a purchase consideration of R2.2bn > Agreements on this extraordinarily multifaceted transaction are approaching finality > Closure
Slide 60: Disposals (Continued)
DISPOSALS (CONTINUED) ALS (ILI) > Imperial Logistics International sold its 75% stake in ALS, a small shipping company, to the minority founder manager > Total consideration of EUR5m (R84m) > The deal was finalised on 27th January 2016 Other > During the period, the Vehicle Retail, Rental & Aftermar
Slide 61: Acquisitions
ACQUISITIONS AMH Group minority (see SENS 23/3 & circular to follow) > Agreement has been reached to acquire indirectly from AMH CEO Mr Manny de Canha, the 10% of the AMH Group that Imperial does not own, for R750m > The AMH Group is most of the local & foreign companies in Imperial’s Vehicle Import
Slide 62: Acquisitions (Continued)
ACQUISITIONS (CONTINUED) AMH > Motivation • In anticipation of challenging conditions in South Africa, to simplify realisation of inherent financial, operational, managerial, administrative & financial services efficiencies & synergies existing within Imperial’s two vehicle divisions (VIDD & VRAPP)
Slide 63: Prospects
PROSPECTS > Bearish global growth forecasts for 2016. Performance & volatility of commodity, equity & bond markets in early 2016 reflects general uncertainty about economic performance worldwide > No panacea for South Africa’s economic recovery but we are encouraged by government’s more recent engag
Slide 64: Thank You
Mets oe: THANK YOU IMPERIAL ¥
Slide 65: Annexures
Mets oe: ANNEXURES IMPERIAL ¥
Slide 66: Integrated Supply Chain Partner in South Africa
INTEGRATED SUPPLY CHAIN PARTNER IN SOUTH AFRICA FREIGHT & WAREHOUSING DISTRIBUTION DEMAND INTEGRATION TRANSPORT & STORAGE & FULFILMENT MANAGEMENT SERVICES SUPPLY CHAIN OUTSOURCING PARTNER > Ability to reduce client’s costs – consolidation of transport & distribution facilities; economies of scale >
Slide 67: Key Clients
KEY CLIENTS IMPERIAL ¥ FS) Abbott Qa 0 ~e E, BEBOX Q aspen astra A=Cl adcock ingram ae «© AfriSam Ro oareaio AVnens Pp Gj fi Boehringer whey —=>SCAH oP Consol. Ingelheim —Bxrrisn american coumrarniek AstraZeneca DIAGEO Porsrent peony Drown SROND folmonafolmen | frmrs aw MASSMART PRA (A) mondeléx Con
Slide 68: Imperial Logistics Africa
IMPERIAL LOGISTICS AFRICA West Africa > Imperial Health Sciences – pharma logistics, supply chain management, warehousing > MDS Logistics – transport, distribution, warehousing (FMCG, pharma, telecoms) > Eco Health – distribution, sales, marketing of pharma products MALI NIGER NORTH > Imres – a whol
Slide 69: Logistics & Distribution in Rest of Africa
LOGISTICS & DISTRIBUTION IN REST OF AFRICA Imperial provides a comprehensive & integrated demand-driven route-to-market for consumer products & pharmaceutical brand owners in sub-Saharan Africa GET YOU THERE SELL YOUR PRODUCT BUILD YOUR BRAND A B SUPPLY CHAIN MANAGED LOGISTICS WAREHOUSING ROUTE-TO-M
Slide 70: Logistics International Geographies
LOGISTICS INTERNATIONAL GEOGRAPHIES > Germany is the base > Strategy to follow customers/products to new markets > South America • profitable 10 year contract operating on Rio Parana, transporting iron ore from Brazil to steel mill in Argentina • utilises five push boats with 60 barges redeployed fr
Slide 71: Disclaimer
DISCLAIMER Certain statements made in this presentation constitute forward-looking statements. Forward-looking statements are typically identified by the use of forward-looking terminology such as ‘believes’, ‘expects’, ‘may’, ‘will’, ‘could’, ‘should’, ‘intends’, ‘estimates’, ‘plans’, ‘assumes’ or